As new data architecture revolutionizes subsurface efficiencies, Ikon Science continuously evaluates the benefits of machine learning in the upstream sector. The ability to combine knowledge from multiple sources into one data source is an efficient way to increase productivity.
Machine learning enables quantitative data interpretation by developing models that establish relationships between geophysical data and reservoir properties. Machine learning can help handle complex geological settings by developing models that capture the complexities and variations in the subsurface.
Nevertheless, to truly make a significant impact, data platforms must integrate machine learning for both modeling and data interpretation. Despite possessing a wealth of geoscience data and skilled personnel, oil and gas companies have consistently faced challenges when attempting to connect them with a comprehensive and timely process.
Presently, operators are seeking to adopt centralized information platforms. However, merely collating data into a single entity is insufficient to drive a change in the conventional approach. For a genuine transformation in operational efficiency, users must be equipped with the appropriate tools and performance processes.
As the needs of oilfields continue to evolve, there is an increasing demand for companies to adapt. It becomes crucial for users to harness the power of machine learning technologies, enabling experts to liberally apply their knowledge and expertise towards achieving optimal outcomes.
As energy companies strive to reduce costs while enhancing speed and production, the importance of having the appropriate subsurface tools cannot be overstated. These tools are essential in helping them achieve their goals effectively.
In essence, machine learning presents a remarkable opportunity to enhance prediction and interpretation. By automating processes, integrating data, improving accuracy, and facilitating data-driven decision making, data-driven decision making can be enhanced. However, successful implementation of machine learning necessitates several key factors: high-quality and diverse data for training; appropriate feature engineering and meticulously validated and calibrated of models.
Learn more on page 47 of this issue of Oilfield Technology.